Metals Creek Apr 30 2013 Bullish Technical Updates Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Price Crosses Moving Average
| Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars). Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. A bullish event is generated when the price crosses above the moving average, and in this state, the price is likely in an established uptrend. The opposite is true when the price crosses below the moving average, triggered a bearish event. |
| Event Date: | Apr 30, 2013 | | Opportunity Type: | Short-Term Bullish | | Close Price: |
.05 | | | Price Period: | Daily | | Volume: | 11,100 | | Price crossed above the 21-day moving average. | |
Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Long-term KST
| The KST, "Know Sure Thing", is an oscillator that combines multiple time frames into a single measure of momentum for a financial instrument. It can be interpreted in the same way as other smoothed oscillators but most commonly indicates bullish and bearish momentum signals as it crosses above and below its moving average respectively. |
| Event Date: | Apr 30, 2013 | | Opportunity Type: | Long-Term Bullish | | Close Price: |
.05 | | | Price Period: | Daily | | Volume: | 5,952,600 | |
Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Momentum
| Tells Me: For bullish events, upward momentum has just built up with the latest price now trading higher than the price 10 bars ago. The opposite is true for bearish events where we're seeing downward momentum now that the price is trading lower than 10 bars ago. Momentum measures the velocity of price changes. For a 10-bar momentum, we take the difference between the last bar's close and the close 10 bars ago and we plot this as a line fluctuating above and below 0 which can be used as buy and sell signals when in agreement with prevailing trend analysis. Momentum is significant because it signals the strength of price trends. A healthy price trend tends to exhibit strong momentum, while weakening trends often have decreasing momentum indicating a trend reversal or correction. |
| Event Date: | Apr 30, 2013 | | Opportunity Type: | Short-Term Bullish | | Close Price: |
.05 | | | Price Period: | Daily | | Volume: | 11,100 | | The Momentum has moved above 0. | |
Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: MACD
| The MACD (Moving Average Convergence Divergence) plots the difference between a shorter-term (12-bar) and a longer-term (26-bar) exponential moving average (EMA). Bullish and bearish events are generated respectively as the MACD fluctuates above and below zero to indicate whether prices in the shorter term are stronger or weaker than the longer term average. A 9-period EMA of the MACD is overlayed as a "signal line" which smooths out the MACD to provide a clearer view of whether it's moving upward or downward. A bullish event is generated when the MACD crosses above the signal line, showing that the current MACD is actually higher than its average, a sign of increasing strength for the price. The opposite is true for bearish events which signal decreasing strength in price as the MACD crosses below the signal line showing that it's now below average. |
| Event Date: | Apr 30, 2013 | | Opportunity Type: | Short-Term Bullish | | Close Price: |
.05 | | | Price Period: | Daily | | Volume: | 11,100 | |
Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Double Moving Average Crossover
| Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average periods. Moving averages (MA) are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. In the double crossover method, a bullish event is generated when a faster moving average crosses above a slower moving average (21-bar MA crosses 50-bar, or 50-bar MA crosses 200-bar). In this state, the price is likely in an established uptrend. The opposite is true when the faster slips below the slower moving average, triggering a bearish event. |
| Event Date: | Apr 25, 2013 | | Opportunity Type: | Short-Term Bullish | | Close Price: |
.04 | | | Price Period: | Daily | | Volume: | 14,500 | | 21-day moving average crossed above the 50-day moving average. | |
